Wild Swings in the Stock Market

Today's wild swinging stock market prices resembled a roller coaster soaring up and down the tracks. One minute you might think the latest batch of terrible economic may slam the market, then the next minute you're thinking it's taking off for the moon with John Glen only to come crashing back to terra-firma. Wild swings indeed.

Today's main economic news came on the heels of yesterday's "shocking" consumer confidence data. Consumer confidence did not improve in September according to the data, which fell back to 53.1 from 54.1 the prior month. The "shock" was that expectations were for a reading of 57.0. The worse news in the report is the current assessment of the labor market with substantially more saying jobs are hard to get.

Apparently the idea of the very first "jobless recovery" isn't much of a "confidence" booster. Oh let's be blunt; consumers know damn well what a so-called "jobless recovery" is - a recession!

Today's private-firm (ADP) estimate of the monthly employment data believes job losses will increase Friday.

The third estimate of the 2nd Q GDP was better than expected. Worthless economist consensus was for a reading of -1.2%, but in came in at -0.7%.

Today's real kicker, one that will drive GDP right back down again if it spreads, was the Chicago PMI. Consensus for this report was 52.0. Readings above 50.0 show expansion - readings below 50.0 show economic contraction. The actual number surprised the market with terrible reading of just 46.1.

Will we get more bad news tomorrow? Will it matter? Doubt it.


Trade well and follow the trend, not the so-called "experts."


Go to www.PitNoise.com for a trial run.

Google, Gold and Crude Oil

I just got an interesting video sent to me from Adam where he explains...

"In many of my previous videos we've looked at charts using Japanese candlestick charts. While this is interesting, I've never quite explained to you some of the powers behind using Japanese candlestick charts.

http://broadcast.ino.com/education/candlestickbook/

So here's what we are going to do; watch the video, and I will point out to you some powerful Japanese candlestick formations on Google, Gold and Crude Oil.
MarketClub is making available to you with just a phone call a very special PDF booklet on Japanese candlestick charting. The title of the booklet is "17 Moneymaking Candlestick Formations You Can Use Today".

So enjoy the video and be sure to give us a call to request your complimentary copy of this valuable booklet. I believe it will give you a greater understanding of the markets and how they work. The number to call is 1-800-538-7424 If you are calling from overseas, use 410-867-2100."

Thanks,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Retrenchment Likely Monday April 6

S&P 500 can't see enough money to feed stocks' rally: Must read (Bloomberg)

Mike Mayo says bank loan losses will exceed great depression levels, slashes bank sector ratings (Bloomberg)

Deflation in Europe accelerates (HT reader anonymous: Bloomberg)

Evans-Pritchard: Swiss slide into deflation next chapter in global crisis (Telegraph)

Tim Geithner brings the Enron Death Star strategy global: Must read (Rortybomb)

IBM - Sun deal talks stall (FT)

At D.E. Shaw, Larry Summer worked just one day a week (NYT)

Altman: this will not be a normal traditional depression (FT)

Implications of copper's declining demand (Bloomberg)

Samuelson: China engages in dollar deception (WaPo)

Putin plans $90 billion stimulus plan [ed. where is all this money coming from?] (Bloomberg)

Japan: time for return to QE [oh whatever, let's just all print money] (FT)

Another opinion: Greenspan not to blame for housing crisis (Forbes)

Largest winning streak since 1933 (B.I.G.)

Visionary Stock Market Secret

30 years ago I learned this market secret

From the desk of Adam Hewison

I can honestly say that 30 years ago I learned how to trade the markets in the pits of Chicago.

It was there, in one of those sweaty, tumultuous, in your face trading pits, that I learned one of the most valuable trading secrets in the world.

This one trading secret opened my eyes to why things happen in the markets.

This trading secret, which is over 800 years old, is one of the most monumental mathematical discoveries of all time.

The publication in 1202 of the "The Book of Calculation" was never meant to be a road map to success in the markets. However, it turned out to be an extraordinary blueprint for how modern day markets work.

The number sequences contained in this amazing 800 year old book, is like having a virtual DNA for every stock, futures and foreign exchange market.

No one knows for sure why these number sequences work. Some traders believe them to be mystical, others, like myself prefer to call them one of life's little mysteries.

I have been using this sequence of numbers to trade the markets for over 30 years. I have to say that after all this time, I am still amazed that these numbers still work!

My new 8 minute educational trading video that remains true to core principles of the "The Book of Calculation." Show you step by step, exactly how you can benefit from using this trading secret.

http://www.ino.com/info/154/CD17/&dp=0&l=0&campaignid=3

Once you view the video and absorb this valuable educational trading lesson, you can apply the exact same principles you learn to your own trading. What could be better than that.

We do not require you to register to view this video.

Discover and benefit today, from what I learned over 30 years ago in the trading pits of Chicago.

http://www.ino.com/info/154/CD17/&dp=0&l=0&campaignid=3

Every success.

Adam Hewison
President, INO.com

How Low Can the DOW Go?

Title of the video...How low can the Dow go?

http://www.ino.com/info/263/CD17/&dp=0&l=0&campaignid=3

Make no mistake about it, the market action on Wednesday (November 19th) was extremely negative for all of the indices that we track. The close below 8,000 on the DOW can only be described as negative, indicating further weakness to the downside. I am looking for this index to trade down to around the 6600-6700 level.

Looking at the charts using our "Trade Triangle" technology, it is clear that the Dow has been under pressure since our first major sell signal at 11,290. I see no reason to alter this stand, as I believe the trend will continue to be on the downside. I expect to see further weakness in the weeks and months to come.

Here are the three choices you have as an investor:

1. You can go long a market.
2. You can go short a market.
3. You can move into cash.

I'm often amused when I see people buying "defensive stocks." Why not get out of the market entirely when it's going down. Doesn't that make more sense to everyone?

However, most brokers want you to stay in the market at all times fearing that they will miss a bottom. Truth is, most investors (including brokers) missed the top, so what makes anyone so sure that they'll catch the bottom?
The key in trading is not to get out at the top, or in at the bottom. Anyone who tells you to do that isn't playing smart in the markets, and most likely claims that they are holding the "holy grail" of trading.

An investor's goal should be to capture 70% of a move. The middle is the sweet spot, and if you make enough in the middle then who cares about the tops and bottoms. Forget picking up the 15% on the top and 15% on the bottom, it doesn't work consistently to use it as a trading strategy.

Check out my new video and see exactly where we got out of the indexes and were we see them headed right now...

Enjoy the video

http://www.ino.com/info/263/CD17/&dp=0&l=0&campaignid=3

Adam Hewison
President, INO.com
Co-creator, MarketClub

Get the Latest Trader's Blog Post

Don't get behind the learning curve when so much is at stake. Keeping on top of the developing trends can make the difference in a winning or losing trade. You can sign up for a free Trader's Blog Post here. Trader's Blog Post

The dollar is surging off a bottom and appears to be gaining momentum against the Euro. Russia's adventure in Georgia seems to be having a major impact.
Trader's Blog Post

Will Gold Break $1000 Soon?

PRECIOUS METALS
http://quotes.ino.com/exchanges/?c=metals

August gold closed sharply higher on Friday and above the previous reaction high crossing at 950.00 thereby renewing the rally off June's low. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. If August extends this week's rally, the reaction high crossing at 1001.20 is the next upside target. Closes below the 20-day moving average crossing at 917.90 would confirm that a short-term top has been posted. First resistance is today's high crossing at 969.10. Second resistance is the reaction high crossing at 1001.20. First support is the 10-day moving average crossing at 937.70. Second support is the 20-day moving average crossing at 918.00.
September silver closed higher on Friday and above trading range resistance crossing at 18.845. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If September extends this week's rally, the 62% retracement level of the March-May decline crossing at 19.364 is the next upside target. Closes below the 20-day moving average crossing at 17.716 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 18.980. Second resistance is the 62% retracement level crossing at 19.364. First support is the 10-day moving average crossing at 18.210. Second support is the 20-
day moving average crossing at 17.715.

September copper closed higher on Friday due to short covering as it consolidated some of this week's decline but remains below the 20-day moving average crossing at 380.93. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If September extends this week's decline, June's low crossing at 351.00 is the next downside target. Closes above the 10-day moving average crossing at 384.45 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 380.93. Second resistance is the 10-day moving average crossing at 384.45. First support is Wednesday's low crossing at 364.20. Second support is June's low crossing at 351.00. FOOD & FIBER http://quotes.ino.com/exchanges/?c=food

all the best
Bill

What is good for General Motors is good for America

Dear Trader

"What is good for General Motors is good for America"

Back in 1955, Charlie Wilson, then chairman of General Motors Corp. made this somewhat pompous statement. Here we are, some 53 years later and look what is happening to the stock of General Motors (NYSE_GM). This stock is at a 53 year low and shows no signs of turning around.

So the question becomes, what happened to America and General Motors?

Read this shocking blog report and learn all about the future of GM and America in the world.

http://club.ino.com/trading/

Adam Hewison
Co-Creator, MarketClub.com

How to turn a $99 investment into a lifetime of trading success

With INO TV having such a low price and high value, I wanted to give you the chance to take advantage of what we paid for!

Subject: How to turn a $99 investment into a lifetime of trading success

Wednesday, June 4th, 2008

FR: Adam Hewison, President INO.com

RE: How to turn a $99 investment into a lifetime of trading success

Dear Trader,

Learning by experience can be costly, especially in the financial markets. Fortunately, there are shortcuts. "I've changed from losing money to consistently making a profit," says Paul, a trader from Illinois. "I've learned techniques that really have made a big difference in my trading." He credits INO TV's streaming educational videos and audios for his success. INO TV is a division of INO.com, a pioneer in the web-based delivery of financial information since 1995.

Traders of all levels will appreciate INO TV's online digital library of video and audio seminars, the largest and most comprehensive collection of trader and investor seminars available anywhere today. INO TV's seminars-currently numbered at 547 with more being added all the time - present time-tested theories, techniques, and strategies from over 150 master traders. INO TVgives traders an easy and convenient way to improve their skills, confidence, and returns.

Traders say online seminars are more convenient, less costly
---------------------------------------------------------------
Compared to the high price tag of live seminars, INO TV's annual membership fee of 99.95 (or 49.95 for three months) is a bargain. While many traders find the live atmosphere of seminars enjoyable, others find that the registration fees, travel expenses, andother charges are cost prohibitive. Dean, a trader in the UK, is one of the latter. The live seminar he attended, which cost him 7,500, failed to meet his expectations. "I should have avoided going to the actual seminar," he says. "What I learned through the online videos was more than what they were giving me at the seminars." Dean says that the knowledge he acquired in a single month of viewing INO TV online would have cost him about 24,000 in seminar fees.

It's not just the cost that makes INO TV so attractive to traders. It's also the convenience. Dirk, a financial writer and seminar instructor in the Netherlands who'sbeen an active trader for over a decade, elaborates. "I was invited by my broker to attend a seminar on futures. For me, coming from a small village near Amsterdam, that would be a time consuming and high-priced event," he explains. "It is far more convenient to watch a video online. Watching them at any convenient time and seeing them again and again brings a trader far more value while being very time efficient."

Anyone with a computer and a high-speed internet connection can take advantage of INO TV's digital seminar collection. The on-demand streaming seminars feature some of the world's top experts, whose ranks include trading systems pioneers, trading contest champions, authors, trading coaches, and real floor traders. Many of the seminars come with detailed downloadable workbooks. INO TV's digital library of trading seminars is the most extensive collection available online, and these seminars are not available anywhere else. Members can watch and listen to as many seminars as they want, as often as they want, for one low membership fee. A 3-month membership is just 49.95, and an annual membership just 99.95. To learn more simply visit the education page below:

INO Education Page

A special note from Adam:
----------------------------
Even though I caught some lucky breaks early in my financial career and went on to become a successful forex trader, I still look back with 20/20 hindsight and realize that I could have been more successful, sooner, if I had been a more educated trader. That's why I'm so excited about what we have to offer at INO TV: proven trading techniques - practical tools for consistent success - step by step trading methods that will empower you to build wealth and create the life you want. And all straight from the lips of the masters themselves. If you do nothing else today,visit INO TVand find out if the service is right for you:

INO Education Page

New Trend Analysis

http://www.ino.com/info/220/CD17/&dp=0&l=0&campaignid=12"> src="http://ino.directtrack.com/42/1/220/"alt=""border="0">

MarketClub Q1 Results Revealed

Q1 Trading Results are in...
MarketClub Q1 Results Revealed

Quarter 1 results are in... and we think you will be very impressed.

2008 has already been a roller-coaster ride. The after shock of record high oil prices, the
sub-prime disaster and the credit crunch still have a profound impact on market direction. However the “Trade Triangle” technology once again prevailed in uneasy times.

Of course it would be easy to show you the results for a cherry picked group of great performers. However, to show consistency we have analyzed the same commodities, indexes and precious metals that we have used for our quarter results in 2007. We are using the same “Trade Triangle” method to show how you could have entered and exited the market with limited losses and plentiful profits.

The “Trade Triangle” technology can work for all types of trader. By working a filtering method into
your trading plan, you are reducing risk and putting the odds in your favor that the market will move in the direction of a longer term trend.

So how did MarketClub do for Q1 of 2008, well watch and see...

MarketClub Q1 Results Revealed


Cheers,
Adam Hewison